Cordial greetings! The group "Unión Progreso" (Progress Union) consists of 12 enthusiastic members who are in their 8th loan cycle. In the course of time, this group has demonstrated responsibility. This is the case with Maria Felicita, one of the members. She is married and has 5 children, of whom she continues to support one. Maria Felicita sells school supplies, since she has a bookstore in her home. This business is the result of her effort, and, with much work, it has been improving more every day. She used her last loan to buy school supplies such as notebooks, pencils, folders, and markers. To continue setting up her business is her greatest desire. Maria Felicita is the third from the left side. She is wearing a black jacket and blue pants. The group Unión Progreso appreciates the loan offered, since it makes their progress possible.
Cordiales saludos: El grupo “Unión Progreso” está conformado por 12 socios entusiastas que pasan a su 8 ciclo, en el transcurso del tiempo dicho grupo han demostrado responsabilidad. Este es el caso de María Felicita una de las integrantes, casada con 05 hijos, la cual sigue apoyando a 01 de ellos. María Felicita se dedica a la venta de útiles de escolares, pues cuenta con una librería en su vivienda. Este negocio es fruto de su esfuerzo que con mucho trabajo ha ido mejorando cada día. Su último crédito lo destino para la compra de útiles escolares como cuadernos, lapiceros, fólderes y plumones. Seguir implementado su negocio es su mayor deseo. María Felicita es la tercera del lado izquierdo viste chaleco negro y pantalón azul. El grupo “Unión Progreso” agradece el crédito brindado, ya que hace posible su progreso.
EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.